A Quote by Robert Reich
The Tea Party grew out of indignation over the Wall Street bailout - an indignation shared by the vast majority of Americans. But the Tea Party ended up directing its ire at government rather than at big business and Wall Street.
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Much like the Tea Party, Occupy Wall Street's message has gotten wrapped up in stereotypes. The Tea Party was weighed down by the birther movement, and Occupy Wall Street has gotten looped in with hippie culture.
The similarities are limited but real. They amount to a shared disgust with politics as usual in America. The Tea Party focuses on the federal government; Occupy Wall Street focuses on corporate America and its influence over the government.
It's obvious that a lot of Tea Party members tend to be elderly. You've seen that famous sign, 'Tell the government to keep its hands off my Medicare.' And I think as long as the government does keep its hands off their Medicare, they're fine with talking about low taxes. But once they start to realize that the Republicans really do want to not just cut Medicare, but essentially abolish it, you know, I just think those people are not going to be part of the Tea Party. They're going to be over with Occupy Wall Street.
If 2,000 Tea Party activists descended on Wall Street, you would probably have an equal number of reporters there covering them.
I am not the first to note the vast differences between the Wall Street protesters and the tea partiers. To name three: The tea partiers have jobs, showers and a point.
No man can control Wall Street. Wall Street is like the ocean. No man can govern it. It is too vast. Wall Street is full of eddies and currents. The thing to do is to watch them, to exercise a little common sense, and … to come out on top.
Wall Street owns the country. It is no longer a government of the people, for the people and by the people, but a government for Wall Street, by Wall Street, and for Wall Street. The great common people of this country are slaves, and monopoly is the master…Let the bloodhounds of money who have dogged us thus far beware.
Unlike the Tea Party, who see themselves as the customers of government, people in the Occupy Wall Street movement understand that we are the government. Stated most simply, we are trying to run a 21st-century society on a 13th-century economic operating system. It just doesn't work.
The tea party saved the Republican Party. In a broad sense, the tea party rescued it from being the fat, unhappy, querulous creature it had become, a party that didn't remember anymore why it existed, or what its historical purpose was. The tea party, with its energy and earnestness, restored the GOP to itself.
Wall Street shouldn't be deregulated. I think Wall Street and Main Street need to play by the same set of rules. The middle-class can't carry the burden any longer, that is what happened in the last decade. They had to bail out Wall Street.
It appears that Wall Street is not acting as a force for economic expansion, providing access to capital for companies that make things. Rather, it seems, Wall Street is using government bailouts to lever up.
Internet companies created the social-media tools that fueled the Tea Party and Occupy Wall Street insurgencies, and that have helped political candidates rally grass-roots support.
The Democrats don't like the Tea Party because the Tea Party engineered their defeat. The Republicans, some members, don't like the Tea Party because the Tea Party illustrates what they have to do to win and they're not really comfortable with that.
Wall Street can be a dangerous place for investors. You have no choice but to do business there, but you must always be on your guard. The standard behavior of Wall Streeters is to pursue maximization of self-interest; the orientation is usually short term. This must be acknowledged, accepted, and dealt with. If you transact business with Wall Street with these caveats in mind, you can prosper. If you depend on Wall Street to help you, investment success may remain elusive.
You can't manage Wall Street. Wall Street has its own viewpoints on everything. I have always believed, if you manage your business correctly, Wall Street will take care of itself.
There are party leaders, big corporation, Wall Street. There are very wealthy individuals who kind of represent where the Democratic Party, the official Democratic Party was and to some extent still is.
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